Reports on the first quarter are out and signs are showing that rent growth will resume within the next three years for the commercial real estate industry. According to CoStar Group’s First-Quarter 2012 Office Review & Outlook this will be a result of the continuation of positive absorption, which got a boost from smaller businesses entering new leases, paired with the decreasing amount of office space available.
CoStar economists also reportedB rent growth and office demand in the future will also be attributed to the economy turning temporary jobs into permanent, full-time positions at a quick rate, and employees working more hours on average. If you are looking to move your business into office space in South Florida contact Morris Southeast Group for all your commercial restate needs.
Source: CoStar Group
Swire Properties was set to begin construction on their new mixed-use development, Brickell CitiCentre, later this year and the plans will now include public transportation upgrades. Recent reports state that the $1.05 billion project that will be comprised of 2.8 million square feet of office, residential, hotel, retail and entertainment spaceB will bring a redesign and additional enhancements to the Eighth Street Metromover station.
The proposed upgrades to the station intend to enhance its connection to Brickell CitiCentre, improve the landscaping under the Metromover guideway, and add two overhead pedestrian crossings that will span from South Miami Avenue to Southeast Seventh Street. Alyce Robertson, executive director of the Miami Downtown Development Authority, stated that “with the Metromover upgrades Brickell CitiCentre is slated to become another anchor for Downtownb s thriving Brickell Financial District, enhancing the neighborhoodb s 24/7 appeal among residents, businesses and visitors.b
To discuss moving your business to the flourishing area of South Florida contact Morris Southeast Group at 866-930-1426 for your commercial real estate needs.
Have you ever noticed how many empty strip malls and parking lots you see as you make your way through Miami-Dade? If the county’s parks department has its way the abandoned commercial spaces will be purchased and turned into green space.B Doing so will help fulfill their 50-year plan of bringing interconnected green space within walking distance of every resident.
The Miami Herald reported that Mayor Carlos Gimenez has already stated his support and that:
The approach, dubbed Red Fields to Green Fields, is based on a strategy developed by Michael Messner, a Wall Street hedge-fund manager who says it can help reverse the flow of red ink in commercial real estate while removing blight and jump-starting the economic redevelopment of neighborhoods hit hardest by the recession.
To read more on the city turning empty commercial spaces into parks and trails visit The Miami Herald and then head back over to share your thoughts with us.
Image via flickr
In the age of smartphones and tablets there are applications available for just about everything in an effort to simplify our lives, and the same applies for commercial real estate industry.
Are there any apps that you use on a daily basis to help increase the productivity of your business? Share their benefits with us in the comments section!
Image from Apple iTunes
Have you considered subleasing the area of your rental property that you don’t use? While this can help save money when it comes to your monthly expenses it will only work to your benefit if things are done correctly. If you are currently renting commercial space for your business, but are considering subleasing it keep these five tips in mind.
To discuss subleasing your rented commercial property in South Florida contact Morris Southeast Group at 866-930-1426.
When any type of new technology hits the scene for personal use, it’s only a matter of time before it crosses over into the business world. Just as smartphones made their way into the everyday lives of companies as a quick and easy way to communicate and handle business on the go, so are tablets. And although they seem to be replacing laptops are tablets right for your business?
When deciding if you should issue tablets to your company consider:
- Function: Think about the main tasks that the tablet will be used for. Will it be mainly be used for presentations or when your employees are out in the field?B our briefcase or purse.
- Size: The whole point tablets are their portability. Do want it to slide into jacket pockets or be fit for a briefcase or purse?
- Accessories: Just as with any other portable technology you will need the right accessories to ensure that it works efficiently for your company.
- Internal management: Will you be able to use your internal applications with it and will it be easy for your IT department to manage?
Are you considering buying tablets for your business or do you already use them? If so share your thoughts with us.
Earlier this week we shared a few
If you are in need of commercial real estate services in South Florida call Morris Southeast Group at 866-930-1426.
After years of working in your home is it time that you move your small business into an office? If so now is the time to begin looking for a space to lease considering the fact that many businesses are downsizing to cut costs and putting their spaces on the market to be subleased. But if this is your first time searching for office space you may be unsure of what you’re getting yourself into, so when searching for office space to accommodate your small business keep these tips in mind:
- Smaller is better.
- Get the duration you want.
- Ask for concessions.
- Don’t expect a lot of slack on your security deposit.
- Learn your market with the help of a broker, and hire a lawyer when you’re ready to sign the lease.
- Look into the creditworthiness of your landlord.
For help finding office space to lease in Miami for your small business contact Morris Southeast Group at 866-930-1426.